Dubai, UAE ยท Founded 2018
Bybit
Bybit is a major derivatives-focused exchange with deep perpetuals liquidity and a rapidly growing spot market. It offers a wide array of trading tools, copy trading, and earn products. The platform is globally popular but restricted in several jurisdictions.
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Score Breakdown
CryptoScore: security, fees, liquidity, regulation, UX โ 0-100.
Health Score
Trust, transparency, and resilience
Health Score blends trust signals, transparency, and operational longevity.
Fee Breakdown
Spot
Standard tier
Futures
Perpetuals & futures
Exchange Overview
Trading Pairs
300+ markets
Proof of Reserves
Available
โ ยท monthly
Fiat On/Off Ramps
API Access
Security & Trust
KYC Matrix
| Level | Withdrawal Limit | Documents Required | Processing Time |
|---|---|---|---|
๐ข No KYC | limited (withdrawal caps) | None | Instant |
๐ก Basic KYC | Up to 1,000,000 USDT/day for standard verified individuals | Government ID + Selfie or liveness verification | <1h |
๐ด Full KYC | Unlimited | Government ID + Proof of address or enhanced checks for advanced tiers | 24-72h |
Proof of Reserves
| Coin | Reserves Declared | User Obligations | Coverage Ratio | Last Verified | Auditor |
|---|---|---|---|---|---|
BTC | 71K | NaN | 104.4% | Apr 28, 2024 | Hacken |
ETH | 820K | NaN | 103.8% | Apr 28, 2024 | Hacken |
USDT | 7.9B | NaN | 103.9% | Apr 28, 2024 | Hacken |
Geographic Coverage
US
EU (MiCA)
UK
Canada
Australia
Japan
Singapore
Coverage
5 countries
Blocked countries
US, UK, Canada, China
Restricted countries
Some EU countries
| Region | Fiat Deposit Methods |
|---|---|
| US | ACH, Wire Transfer, Debit/Credit Card |
| EU (MiCA) | SEPA, Bank Transfer, Debit/Credit Card |
| UK | Faster Payments, Bank Transfer, Debit/Credit Card |
| Canada | Interac e-Transfer, Bank Transfer, Debit/Credit Card |
| Australia | PayID, Bank Transfer, Debit/Credit Card |
| Japan | Bank Transfer, Debit/Credit Card |
| Singapore | FAST, Bank Transfer, Debit/Credit Card |
Language support
10+ languages
Channels: email, chat
Why traders pick Bybit
Bybit is popular with active traders because it leans hard into the things derivatives-first users actually care about: responsive execution, strong perpetual liquidity, advanced order tools, and a product experience that feels built around trading rather than passive investing. It has also expanded well beyond its early perp-heavy identity, adding stronger spot coverage, copy trading, earn products, and a more complete retail stack. That makes it appealing to traders who want to keep both directional trading and side activities inside one venue. Another reason Bybit keeps traction is usability. The interface is generally fast, the trading environment feels modern, and many users find it easier to navigate than larger exchanges with more fragmented product menus. The trade-off is jurisdictional complexity, because access and features can vary materially by country. Still, for traders focused on momentum, leverage, and market activity, Bybit remains attractive because it combines strong derivatives depth with a retail-friendly platform that keeps shipping useful tools.
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